RBI
and FOMC meet scheduled on 30 and 31 July 2013
BSE Sensex
(19748.19) and Nifty (5886.20) closed down by
2 % and
2.4 % respectively last week.Nifty Future August was quoting at 40.65
points premium.Nifty Call option August 6000 was very active.Support for Sensex is at 19500.Resistance for Sensex is at 20160. Support
for Nifty is at 5800 and resistance at 6020.
ITC and IDEA added Open Interest in AUGUST series.Huge position
was build up at SBI AUGUST Call Option
Strike Price 1900.Good build up was also seen at HIND LEVER Call August Option Strike Price 700.
Strategy for Futures Option players.
(1) INFY (2913.30)
lot size 125 shares
Buy One Call Option of AUGUST Strike Price 2900@ 97.10 Rs
Sell One Call Option of AUGUST Strike
Price 3000@ 52.00 Rs.
Premium .Paid= 97.10*125 = 12137.50 Rs.
Premium Received= 52*125 = 6500.00 Rs.
Net Premium Paid= 12137.50 – 6500 = 5637.50
Rs.
Maximum Profit= 3000-2900= 100*125 = 12500
– 5637.50= 6862.50 Rs.
Maximum
Loss= 5637.50 Rs.
Break Even = 2945.10
(2) SUN PHARMA (1125) Future-Lot Size 250 shares.
Buy One Lot AUGUST Future
@ 1125 Rs
Sell One Call Option of AUGUST Strike Price 1140@ 36.50 Rs.
Premium Received= 36.50*250 = 9125.00 Rs
Maximum Profit= 1140-1125 = 15*250 = 3750.00
+ 9125.00 = 12875.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) IDEA (164.65) Buy this stock in decline
and trade
.
(2) BIOCON (324.90) Buy this stock in
decline and trade
By Bullet,
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